Crowdstrike acquires log management software firm Humio for $400 million

Robin Wauters

Robin Wauters

Co-founder and editor-in-chief of Tech.eu, with previous stints at The Next Web and TechCrunch under his belt. Deeply in love with his family, technology, traveling and Belgian beer.
robin@tech.eu

Danish-British log management software company Humio has been acquired by cybersecurity firm Crowdstrike for a total of around $400 million.

The purchase price will be paid predominantly in cash, the companies say, with a portion delivered in the form of ‘rollover equity awards’ in exchange for unvested Humio equity.

According to Crunchbase, Humio only raised a little over $30 million in funding to date.

Publicly-listed CrowdStrike specialises in cloud-based endpoint and cloud workload protection, and acquired Humio primarily to bolster its offering with cloud log management and observability technology.

From the press release:

Together, Humio and CrowdStrike deliver an enterprise-grade solution that finally addresses the challenge of operationalizing massive and ever-growing volumes of event and log data, empowering organizations to collect, observe, analyze and act on all structured and unstructured data in their environment.

“We are thrilled to join CrowdStrike, the company that is leading the security industry with its cloud-native data platform, designed to support customers in establishing more mature and reliable security programs. CrowdStrike’s Security Cloud is the ideal platform to extend Humio’s technology and reach, while continuing our mission to empower customers to make data-rich decisions,” said Geeta Schmidt, CEO of Humio.

Schmidt co-founded the company in Aarhus, Denmark back in 2016, but it is currently headquartered in London with more offices in places like Seattle and San Francisco.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.